However, employers understand that dissatisfaction with work-life balance is more and more likely to be a reason for quitting, and that higher pay struggles to compensate for time spent away from family and friends.Įmolument provides bonus and salary statistics based on data submitted directly by professionals like you. In some industries, implementing such a shift in perception and practice is still a long way off as client demands in terms of reactivity and timeliness remain unchanged. Upcoming generation Y and Z are certainly expecting more flexibility, less face-time, and rather than having to account for half-day annual leave, attending school plays or meetups, expect to be trusted to do the job on their terms. Live the dream: While the term 'work-life balance' has been touted by large corporations for years, it has finally become a key factor choosing a career. As they come to grips with their careers, dissatisfaction decreases to 32%, but frustration later creeps up as more experienced professionals rise through the ranks and the breadth of their responsibilities and work commitments limits the time they can enjoy outside the office. Poor start, worse ending: 42% of graduates starting their careers believe their work-life balance is awful.
Shall we end the siesta? Despite Spain's unique 2-hours lunch break, employees go home late, often around 8pm, which does not make for a good work-life balance with as much as 55% of professionals considering it to be awful. While these locations offer top salaries to expatriate employees, they expect a high commitment in return. High salaries, high demands: Countries such as Hong Kong, Singapore and UAE are at the bottom of the table (56% of UAE workers think their work-life balance is awful). 5 weeks holidays and 35 hours working week go some way to explaining their enthusiasm, though many have forsaken the 35 hour week, and leaving before 7.30pm can be perceived as 'going home early'. La vie est belle: France tops the rankings with 71% of its workers satisfied by their work-life balance. Hopefully, they find some solace is being some of the best paid professionals in the financial sector. M&A and work-life balance do not agree: No surprises there as working weeks can equate to over 100 hours in the office. They are more often blamed and rarely congratulated by their front office teams, on top of which they tend to work long hours, tidying up transactions and troubleshoot long after traders have gone home. Middle and back office, a rough deal: While only earning a fraction as front office staff, middle and back office professionals are under pressure from traders and salespeople to deliver impeccable outputs in a highly time-sensitive manner. And while they can usually leave at a reasonable hour as markets close, fund managers can also be somewhat flexible in their working arrangements, being in a less pressurised client-driven environment compared to their sell-side counterparts.
Fund managers are clients to sell-side professionals (traders, institutional sales, research analysts working at banks), and therefore able to dictate their own timetables, not bound to be in before clients are and markets open. Sell-side versus buy-side: An overwhelming 81% of fund managers find their work-life balance either great or satisfactory.
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